IMPLEMENTATION AND INTERPRETATION Sample Clauses

IMPLEMENTATION AND INTERPRETATION. 11.7.1 The Tax Act may be amended to provide for the implementation of this chapter. 11.7.2 Unless otherwise provided in this agreement and except to the extent that the context otherwise requires, words and phrases used in this chapter shall be deemed to have the meaning they have for the purposes of the federal Tax Act. 11.7.3 To the extent not inconsistent with this chapter, the Tax Act shall apply to the provisions of this chapter with such modifications as the circumstances require. 11.7.4 A settlement corporation shall be deemed for purposes of the Tax Act not to be a “specified financial institution”.
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IMPLEMENTATION AND INTERPRETATION. This Agreement is intended to implement Section I.B. of the MOU and compensate ARMC for lost revenue resulting from the preference given to CUSM medical students in teaching rotations at ARMC, by providing ARMC with the benefits of this Agreement in lieu of the “yearly cash payment to ARMC” required by the MOU. The Parties agree that CUSM’s performance in full of its obligations under this Agreement over the entire Term shall satisfy any past, present, or future obligation to compensate ARMC under Section I.B. of the MOU. Other than as specifically set forth in this Agreement, with respect to CUSM’s obligation to compensate ARMC for lost revenue resulting from the preference given to CUSM medical students in teaching rotations at ARMC during the Term, this Agreement is not intended to amend or modify the MOU, and the MOU shall in all other respects continue to remain in full force and effect and continue to bind the parties in accordance with its terms.
Sample 1
IMPLEMENTATION AND INTERPRETATION. This Agreement shall be implemented and interpreted, prior to the Effective Time, by the board of directors of SLPH, and following the Effective Time, by the board of directors of Ascent, (a) each of which shall have full power and authority to delegate and assign any matters covered hereunder to any other party or parties, including without limitation, any officers of SLPH or the Surviving Entity, as the case may be, and (b) the interpretations and decisions of which shall be final, binding and conclusive on all parties.
Sample 1

Related to IMPLEMENTATION AND INTERPRETATION

  • Construction and Interpretation Should any provision of this Agreement require judicial interpretation, the parties hereto agree that the court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against one party by reason of the rule of construction that a document is to be more strictly construed against the party that itself, or through its agent, prepared the same, and it is expressly agreed and acknowledged that Company and Executive and each of his and its representatives, legal and otherwise, have participated in the preparation hereof.

  • Definitions and Interpretations The terms "specifically approved at least annually," "vote of a majority of the outstanding voting securities," "assignment," "affiliated person," and "interested person," when used in this Agreement, shall have the respective meanings specified, and shall be construed in a manner consistent with, the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. Any question of interpretation of any term or provision of this Agreement having a counterpart in or otherwise derived from a term or provision of the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Securities Act of 1933, or the Securities Exchange Act of 1934 (collectively, the "Federal Securities Acts") shall be resolved by reference to such term or provision of the Federal Securities Acts and to interpretations thereof, if any, by United States federal courts or, in the absence of any controlling decisions of any such court, by rules or regulations of the Securities and Exchange Commission. Where the effect of a requirement of the Federal Securities Acts reflected in any provision of this Agreement is revised by rule or regulation of the Securities and Exchange Commission, such provisions shall be deemed to incorporate the effect of such rule or regulation.

  • Definitions and Interpretation 1.1 In this Agreement:

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